A textbook publisher produces a textbook for $50 per book and sells to the Campus Bookstore for $75 per unit. The bookstore sells the textbook new for $100 and used for $60. It is able to buy unlimited amounts of used books from a secondary supplier for $50. The bookstore buys a lot of 250 new books from the publisher. What is the net profit (sales-cost) to the publisher for this order? (a) $25 (b) (250)(75-50) = $6250 (c) $10,000 (d) $2500
A textbook publisher produces a textbook for $50 per book and sells to the Campus Bookstore for $75 per unit. The bookstore sells the textbook new for $100 and used for $60. It is able to buy unlimited amounts of used books from a secondary supplier for $50. The bookstore buys a lot of 250 new books from the publisher. What is the net profit (sales-cost) to the publisher for this order? (a) $25 (b) (250)(75-50) = $6250 (c) $10,000 (d) $2500
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A textbook publisher produces a textbook for $50 per book and sells to the Campus Bookstore for $75 per unit. The bookstore sells the textbook new for $100 and used for $60. It is able to buy unlimited amounts of used books from a secondary supplier for $50. The bookstore buys a lot of 250 new books from the publisher. What is the net profit (sales-cost) to the publisher for this order?
(a) $25
(b) (250)(75-50) = $6250
(c) $10,000
(d) $2500
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